The deal was arranged for the landlord by Michael Schaible of Jones Lang LaSalle's Hasbrouck Heights office, who has the leasing exclusive for the property. The tenant was represented by Richard Van Houten of the Van Houten Group, Allendale, NJ. Terms were not released. Space available in the companion 60 Commerce Way building is currently listed with an asking price of $8 to $15 per sf, triple-net.

Both 60 and 80 Commerce Way, which combined total 73,000 sf, were acquired by a partnership headed by Prism Capital Partners in 2005. The property, once entirely occupied by Quest Diagnostics, subsequently underwent a $1.5-million redevelopment that included a new façade and infrastructure, including mechanical and roof upgrades.

The 43,000 sf comprising 60 Commerce Way currently remains vacant and on the market for lease. High-tech, office and lab users are the primary targets, and the building comes with as-of-right zoning for up to 20% of its space, or about 8,600 sf, available for retail use.